We are delighted to invite you to attend a private funds webinar to be hosted by Sidley.
In response to the increased appetite for sustainable investments and relevant global regulatory developments, the Securities and Futures Commission of Hong Kong (SFC) issued two important circulars last year that take effect this year.
The Fund Manager Code of Conduct will be amended to require all licensed fund managers to take climate-related risks into consideration in their investment and risk management processes and make appropriate disclosure. The August 2021 circular (August Circular) sets forth the expected standards for compliance with these amendments.
The June 2021 circular (June Circular) sets forth the SFC’s expectations as to how requirements under the SFC Handbook for Unit Trusts and Mutual Funds apply to SFC authorized funds that consider sustainability factors in their investment process (ESG Funds).
The August Circular will take effect on 20 August and 20 November 2022 for Large Fund Managers and on 20 November 2022 for all other fund managers. The June Circular became effective for ESG Funds on 1 January 2022.
These circulars affect, and will be of particular interest to, the following persons:
- fund managers
- fund investors
- investee portfolio companies
- third-party sustainability scoring and rating providers
Join us for an interactive session in which we will provide an overview of the key requirements of each circular and the practical issues, considerations, and opportunities that arise.
Note this is an invitation-only event. If you have any queries, please email us at email@example.com.
We look forward to seeing you.
ABOUT THE PRESENTER
Huberta is a Counsel of the Investment Funds Group. She has over 13 years of experience advising the investment funds industry and has worked on the establishment of over 100 funds. Recently, she had been actively involved in the development of the Limited Partnership Fund Ordinance for Hong Kong. She was recognized as an “associate to watch” in Investment Funds by Chambers Asia-Pacific. Her practice focuses on advising clients on a broad range of legal issues, particularly the development and restructuring of innovative investment fund structures and financial products such as hedge funds, private equity funds, real estate funds, credit funds, special situations funds, hybrid funds and fund-of-fund arrangements; the formation, structuring and restructuring of separately managed accounts; negotiating with investors in, or managers of, these funds and accounts; the establishment, structuring and restructuring of fund management operations in Hong Kong; and the handling of ongoing compliance and regulatory issues relating to these funds, accounts and operations.